We employ a set of sign restrictions on the generalized impulse responses of a Global VAR model, estimated for 38 countries/regions over the period 1979Q2-2011Q2, to discriminate between supply-driven and demand-dr...

We employ a set of sign restrictions on the generalized impulse responses of a Global VAR model, estimated for 38 countries/regions over the period 1979Q2-2011Q2, to discriminate between supply-driven and demand-dr...

DOI: http://dx.doi.org/10.5089/9781451870749.001

ISBN: 9781451870749

The analysis in this paper suggests that import and export volume elasticities are markedly lower in oil-exporting Middle East and Central Asian countries than in non-oil countries in the region. A key implication...

Publisher: INTERNATIONAL MONETARY FUND

Publication Date:
01
September
2008

ISBN: 9781451870749

The analysis in this paper suggests that import and export volume elasticities are markedly lower in oil-exporting Middle East and Central Asian countries than in non-oil countries in the region. A key implication...

Publisher: INTERNATIONAL MONETARY FUND

Publication Date:
15
October
2007

DOI: http://dx.doi.org/10.5089/9781589066694.086

ISBN: 9781589066694

The Middle East and Central Asia is undergoing a remarkable transformation driven by rapid GDP growth and high oil and non-oil commodity prices. The report presents common economic trends and reviews prospects and...